Informa PLC Result of AGM (7912A)

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RNS Number : 7912A

Informa PLC

03 June 2021

 
 Informa LEI: 5493006VM2LKUPSEDU20 
 Identification Code: GB00BMJ6DW54 
 

Informa PLC Press Release

3 June 2021

Results of Annual General Meeting

John Rishton confirmed as Chair

London: Informa PLC (the "Company") held its Annual General Meeting ("AGM") at 240 Blackfriars Road, London SE1 8BF earlier today. All resolutions put to the AGM were voted on by way of a poll and the results of the poll are set out below.

 
      RESOLUTION                          FOR(1)                 AGAINST                 TOTAL   WITHHELD(2) 
                                          Votes        %         Votes       %           Votes         Votes 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect John 
 1     Rishton                    1,157,916,981    93.66    78,344,567    6.34   1,236,261,548        64,327 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Stephen 
 2     A Carter                   1,234,714,892    99.87     1,562,692    0.13   1,236,277,584        48,291 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Stephen 
 3     Davidson                     660,670,882    53.44   575,589,774   46.56   1,236,260,656        65,219 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect David 
 4     Flaschen                   1,222,588,379    98.89    13,681,576    1.11   1,236,269,955        55,920 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Mary 
 5     McDowell                     989,629,255    80.05   246,643,082   19.95   1,236,272,337        53,538 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To elect Patrick 
 6     Martell                    1,233,434,773    99.77     2,835,110    0.23   1,236,269,883        55,992 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Helen 
 7     Owers                        966,092,289    78.15   270,179,832   21.85   1,236,272,121        53,754 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Gill 
 8     Whitehead                  1,226,201,546    99.36     7,929,884    0.64   1,234,131,430     2,194,445 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-elect Gareth 
 9     Wright                     1,232,599,506    99.70     3,672,233    0.30   1,236,271,739        54,136 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To receive the 
       Annual Report 
       and audited financial 
       statements of 
       the Company for 
       the year ended 
 10    31 December 2020           1,235,734,534   100.00         3,446    0.00   1,235,737,980       587,895 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To approve the 
       Directors' Remuneration 
 11    Report                       468,963,296    38.26   756,720,147   61.74   1,225,683,443    10,642,276 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To re-appoint 
       Deloitte LLP 
       as auditor of 
       the Company until 
       the conclusion 
       of the next general 
       meeting at which 
       accounts are 
 12    laid                       1,190,964,166    96.33    45,325,994    3.67   1,236,290,160        35,715 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the Audit Committee, 
       for and on behalf 
       of the Board, 
       to determine 
       the Auditor's 
 13    remuneration               1,209,607,703    98.00    24,685,455    2.00   1,234,293,158     2,032,717 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the Company to 
       make limited 
       political donations 
       and political 
       expenditure of 
       not more than 
       GBP30,000 in 
 14    aggregate                  1,220,765,829    98.78    15,020,319    1.22   1,235,786,148       539,316 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the Directors 
       to allot shares, 
       up to a limited 
 15    amount                     1,105,058,596    89.39   131,215,256   10.61   1,236,273,852        52,023 
      To authorise 
       the Directors 
       to allot shares, 
       and sell treasury 
       shares for cash, 
       without making 
       a pre-emptive 
 16    offer to shareholders(3)   1,224,263,558    99.18    10,098,720    0.82   1,234,362,278     1,963,597 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the Directors 
       to allot additional 
       shares, and sell 
       treasury shares 
       for cash, without 
       making a pre-emptive 
       offer to shareholders 
       in line with 
       recommendations 
       of the Pre-Emption 
 17    Group(3)                   1,174,399,762    95.14    59,981,310    4.86   1,234,381,072     1,944,803 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the Company to 
       purchase its 
 18    own shares(3)              1,223,339,388    99.07    11,469,700    0.93   1,234,809,088     1,516,787 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
      To authorise 
       the calling of 
       general meetings 
       (other than an 
       annual general 
       meeting) on not 
       less than 14 
 19    clear days' notice(3)      1,089,621,961    88.14   146,629,202   11.86   1,236,251,163        74,712 
     --------------------------  --------------  -------  ------------  ------  --------------  ------------ 
 

(1) Where shareholders appointed the Chair as their proxy with discretion as to voting, their votes were cast in favour of the resolutions.

(2) A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.

(3) Special Resolution (75% majority required).

The total voting rights of the Company as at 10.00pm on 1 June 2021 (the time by which shareholders wanting to vote at the AGM were required to be entered on the register) was 1,503,112,804 ordinary shares of 0.1p each. The Company does not hold any shares in treasury. Votes were cast in respect of 82.25% of the issued share capital.

In accordance with Listing Rule 9.6.2 copies of the resolutions passed at the AGM, other than resolutions constituting ordinary business, will shortly be available for inspection via the Financial Conduct Authority's Electronic Submission System at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

A copy of the poll results for the AGM will also shortly be available on the Informa website (www.informa.com/investors).

Remuneration Approach

As the AGM results indicate, a range of shareholders, for a range of specific, principled and technical reasons, have been unable to fully support the Company's chosen approach to remuneration, which we adopted through the COVID-19 pandemic. A majority of shareholders did support the introduction of the 2021-2023 Equity Revitalisation Plan in December, which is now effective and inflight, and a majority also supported the reappointment of the Remuneration Committee at this AGM, albeit at a variety of levels around and below the 80% threshold.

Consequently, the Company will initiate a new consultation with shareholders on its next approach to remuneration, including on a new Remuneration Policy to follow the 2021-2023 Equity Revitalisation Plan. This consultation will take place between now and the AGM in 2022, ensuring as many shareholders as possible are able to provide feedback and input on a future approach to remuneration that aligns as closely as possible with the balance of shareholder views.

 
Enquiries 
Informa PLC 
 Rupert Hopley, Group C ompany Secretary 
 Richard Menzies-Gow , Director of Investor 
 Relations                                      [phone] 
============================================  ===================== 
 

Informa PLC

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June 03, 2021 12:16 ET (16:16 GMT)